GBPUSD Forex Analysis for Today, Thursday (04-07-2024)

GBPUSD Forex Analysis for Today, Thursday (04-07-2024)

GBPUSD Forex Analysis for Today, Thursday (04-07-2024)

Look for BUY Opportunities on GBPUSD, Price Breaks Resistance

Analysis GBPUSD

USD Weakens Following US Economic Data

ADP non-farm payrolls and initial jobless claims data were worse than expected, while the services sector index fell to its lowest level in four years.

Monitor Support Area

GBPUSD has broken above the resistance area which has now turned into support. Continuously monitor this support area for confirmation of buy signals.

Prediction: Strong GBPUSD


  • R1 1.26650
  • R2 1.27300
  • R3 1.27650
  • R4 1.28000


  • S1 1.27336
  • S2 1.27500
  • S3 1.27000
  • S4 1.26500

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